Peoples Financial Services Corp. has announced an update to its succession plans, with Craig W. Best ceasing to serve as the chief executive officer and director of the company and its banking subsidiary, Peoples Security Bank and Trust Company, effective December 31, 2024. This decision follows the merger with FNCB Bancorp, Inc. on July 1, 2024, and the successful completion of the bank’s system conversion on October 15, 2024.
Following Mr. Best's departure, Gerard A. Champi, the president of the company and the bank, will succeed him as the chief executive officer, while Thomas P. Tulaney, the chief operating officer, will succeed Mr. Champi as president of the company and the bank.
Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank and Trust Company, which serves retail and commercial customers through 39 full-service community banking offices. These offices are located within 12 counties in Pennsylvania, as well as in New Jersey and New York.
No specific financial metrics or performance indicators were provided in the press release. Today the company's shares have moved -2.1% to a price of $46.18. If you want to know more, read the company's complete 8-K report here.
